‘The economy is going to collapse,’ says Wall Street veteran Novogratz.

ALL of this is intentional. It is planned.

They created inflation intentionally.

They want to push their radical agendas and they don’t care who gets harmed. Even after the coming Republican blowout, they will continue with executive order —- remember Obama’s phone and pen.

Don’t underestimate the damage they can do.

It has nothing to do with "cycles" and everything to do with JWO.

I love how these economists talk about the oncoming recession, as if to imply that this will be a temporary situation.

It is NOT a recession. It is a regression brought about by progressives and their ideological penchant to destroy everything they touch.

Good. Pop all the bubbles. I want to see which corporations can weather an economic storm and get through without having to file bankruptcy... those are the ones that deserve to survive.

People who spend recklessly and take on lots of debt with the promise that the fed will keep pumping and the government will monetize and bail everything out deserve to have their ass handed to them.

This is reckless behavior by reckless people that have been allowed to take over our institutions.

Out with the zombies. Time to embrace hard work and fiscal conservatism. Purposely collapse the liquidity markets. Allow over-leveraged individuals and institutions to fail. No more "something for nothing" by society's parasites.

Good. Pop all the bubbles. I want to see which corporations can weather an economic storm and get through without having to file bankruptcy... those are the ones that deserve to survive.

People who spend recklessly and take on lots of debt with the promise that the fed will keep pumping and the government will monetize and bail everything out deserve to have their ass handed to them.

This is reckless behavior by reckless people that have been allowed to take over our institutions.

Out with the zombies. Time to embrace hard work and fiscal conservatism. Purposely collapse the liquidity markets. Allow over-leveraged individuals and institutions to fail. No more "something for nothing" by society's parasites.

Housing prices may drop a little, but that will not make them more affordable.
Higher interest rates will result in higher payments.


They are working the problem from the wrong end.
They should be increasing supply and productivity.
Starting with oil.

They are trying to curb demand by raising interest rates.
This may reduce demand and therefore prices on some big ticket items like homes, cars, trucks, but it will make none of those things more affordable. The price may be lower, but the payment will be higher.

The cost of necessity goods and services that are already in short supply will probably increase if those businesses need to borrow money to operate. They will pass the added cost of interest into their goods and services, especially if demand remains higher than supply.

Forcing a decrease in demand for cars, trucks, and luxury goods and services will hurt some businesses, and may cause layoffs and/or business closures, which will cause further harm to the economy.

Increasing interest rates during times of supply shortages looks really stupid.

While our government appears to be incompetent, I am starting to think the opposite may be the case.
It looks more like they want to completely destroy America in order to rebuild it as something else.

Ah no, it's the nature of our 'money'. As pointed out here many times our currency is created from debt. And there's not enough of it in circulation to pay all the interest on the debt, so they have to keep issuing more and more.

Debt grows faster than the producing economy, it has spread like a cancer to all facets of the economy and now every business relies on credit and debt to operate.

In 1933 US debt was $23 billion, now it's over $30 trillion that implies an expansion rate of 8.5%, which doubles every 8.5 years.

(1+0.085)^8.5 = 2

Now that is an exponential function, and in time exponential functions go parabolic, nearing vertical. Meaning the rate of change (increase in debt) nears infinity for a small period of time. Clearly this is impossible, so a reset occurs.

This is the reset that the world economic forum is talking about, however they to impose a fake reset they control not an organic natural reset of the economy which is necessary for everyone. The same fools and crooks that created this mess in the first place want to create another one at everyone else's expense, pain and suffering.

This just didn't happen.

This is the result of decades of progressive politics and market manipulation.

This just didn't happen.

This is the result of decades of progressive politics and market manipulation.

Okay, fine a central bank and central planning are the core tenants or planks of communism. But let's call a spade a spade, both sides of the political aisle play the same game.

Which means the term progressive is meaningless if both parties are progressive. In fact, since they've all played the same games since 1913 and earlier they are in fact regressive. Progressive would be something like anarcho capitalism.

Exactly. There is too much political blaming by sheep who think there's a big difference between democrats and republicans. There are differences when it comes to social policies, but with economic policies they are pretty much both quite similar. They take the path of least resistance, which is to focus on short term solutions to economic problems (more and more QE, pumping, and bail outs)

Plunging into a depression and restoring fiscal conservatism would be painful short term, beneficial long term.

I concur! Housing is very sensitive to interest rates, one of the first indicators. It has already hit the skids!

no its not, not even close

I could take your whole leg off at 300 yards with my AR-10

a shotgun wouldnt even hit me

don`t have to be an expert or on wallstreet to know that, everyone who is paying $5 a gallon for gas and can`t afford to do it knows the economy is going down the toilet REAL fast. the common people know things before wallstreet does because the common people know what they can and can`t afford before wallstreet does.

Exactly. There is too much political blaming by sheep who think there's a big difference between democrats and republicans. There are differences when it comes to social policies, but with economic policies they are pretty much both quite similar. They take the path of least resistance, which is to focus on short term solutions to economic problems (more and more QE, pumping, and bail outs)

Plunging into a depression and restoring fiscal conservatism would be painful short term, beneficial long term.

This has been a very orderly correction. There will be no economic collapse. Plenty of jobs available for all the freeloaders living off unrealistic high stock market returns and cheap money. Those fuckers need to get real jobs, some that require physical labor. Labor = money. If you have skills you'll be fine.

Dems will own this. Nice try.

Wrong

Houses worth $200k will no longer be selling for an over inflated $300k.

Prices will likely stay the same or even go down.